Classic Cars That Are Insanely Overvalued For What They Are

9: 1969 Pontiac GTO $75,000.00

The GTO is another iconic muscle car that needs no introduction. It was originally an accident. John Delorean wanted to sell a powerful sports car under the Pontiac line, but GM wouldn’t let him. So the GTO was sold as an appearance package instead. Whenever Pontiac is brought up, this is the car that comes to mind first (via Work & Money).

What made the GTO so great was the lightweight design and the powerful engine, but that would only get the car so far. Nowadays, the GTO commands an extremely high price tag, and the only reason for this is the brand name. Junkyard models are going to ridiculous amounts and it appears to be stopping.

8: 1965 Ford Mustang – $80,000

The Mustang was the original pony car, and without it, we wouldn’t have the V8-powered sports cars that we have today. While the 1965 Mustang was one of the more affordable classic cars that you could get, its price has been skyrocketing. A clean, low mileage example will set you back around $80k (via Work & Money).

Considering the Mustang was not the most well-designed pony car at the time, this is shocking. Most classic car buyers would undoubtedly put a modern engine in the Mustang, and at this price, you can’t afford to do anything. The ’65 Mustang is becoming one of the most expensive classic cars on the market.

7: 1985 Ferrari 308 GTS – $85,000

Everyone is feeling nostalgic these days and one of the most nostalgic decades happened to be the 1980s. This was a time when everyone lived life and had fun, and the cars were rapidly changing. Gone were the gas hogs of the 1970s, drivers now had digital dashboards and butterfly doors (via Work & Money).

There’s no doubt that the Ferrari 308 was the epiphany of the decade, but the car didn’t offer anything too unique. The performance of the 308 was mediocre at best and the car certainly doesn’t command the high price tag it’s going for nowadays.

6: 1962 Chevrolet Impala – $82,000

The Impala is one of the most iconic cars on the road as it’s been featured in hundreds of movies and magazines. But the 1962 model has been featured a lot in the last couple of years. What made the ’62 models so special? Just take one look at the two antennas on the trunk and you’ll see (via Work & Money).

But the price for the Impala has also been going up dramatically and there seems to be no end in sight. The price for the car is continuing to go up, and you can’t find a good deal on one anywhere. The Impala is a great car, but the high price it commands just doesn’t make sense.

5: 1970 Chevrolet Chevelle SS – $90,000

The 1970 Chevelle SS was a defining moment for the brand as the car got completely new styling. Some would argue that this is perhaps the most sought-after generation for the Chevelle. There is a lot to love about the Chevelle SS from its performance to the styling (via Work & Money).

The 1970 Chevelle SS is a car that commands a high price tag in the classic car community. But at its core, this version of the Chevelle is not worth these extremely high price tags being asked for it. The Chevelle was a basic muscle car and not something that could be construed as a supercar.

4: 1970 Maserati Indy – $90,000

Maserati has come back into the spotlight recently, but it’s some older models that are garnering the attention. The Indy is one such car that definitely doesn’t need an introduction. The one-of-a-kind engineering and design that went into this car make it one of the most notable performance cars (via Work & Money).

But at $90,000, the asking price for the Maserati Indy is daunting. There are brand new exotic cars that you can get for half that price. The performance of the Indy was not the best, and many parts are tough to come by.

3: 2009 Nissan GT-R – $90,000

When the Nissan GT-R was introduced to the American market, there was a lot of press around it. The car was one of the most iconic models in the Nissan lineup and still proves to be one of the most popular to this day. But the production version of the new GT-R was a letdown for many loyalists (via Work & Money).

The car had an immensely high price tag when it was new and that price hasn’t gone down any. The GT-R was not the bare-bones race car it had been in the previous generations, and consumers were disappointed with that. There is no way the modern GT-R is worth the high price tag it commands.

2: 1964 Lincoln Continental – $95,000

Whether it was because of the suicide doors or the big engine design, there was something about the car that resonated with consumers. Likewise, the car has become a commodity on the used car market (via Work & Money).

The Lincoln Continental is a great classic car but for the price being asked, there are better options. There is nothing about this car that should justify the high price tag, and it only seems to be getting worse.

Check this out too: 30 Expensive Cars In Jay Leno’s Collection.

1: 1968 Oldsmobile 4-4-2 – $95,000

Another car based on the Chevelle platform, the 4-4-2 was a specialty performance car from GM. The car had a unique engine designed exclusively by Oldsmobile, and there were many luxury features. This wasn’t enough to make the 4-4-2 worth the price it is going for today (via Work & Money).

These cars just keep going up in value, but at their core are very basic muscle cars. The 4-4-2 was an exciting car to drive, but for over 90K there are better options on the market. Oldsmobile cars are becoming rarer, but we can’t justify the high price tag for the 4-4-2.